The French-Hungarian Chamber of Commerce and Industry (CCI France Hongrie – CCIFH) will celebrate its 35th anniversary next year. On its website, it encourages its current and future members to boost their business with the participation and assistance of the Chamber. The organization's president, László Károlyi, and its director, Ágnes Ducrot, tell Diplomacy&Trade what kind […]
Commissions revenue of Duna House's franchise network rose 35% year-on-year to HUF 5.2 billion in the third quarter, the listed real estate broker said in a report based on preliminary data. Commissions revenue in Hungary climbed 38.7% to HUF 3.9 billion. In Poland, commissions revenue rose 22.6% to HUF 1.2 billion. Revenue growth was driven […]
DBH Serviced Office will now operate under the name DBH Flex, and Michael P. Smithing, a long-time key player in the Central and Eastern European office market, has been appointed to head the company. According to a statement released by the company, the name change signals that flexible office solutions and modern work culture are […]
German defense industry giant Rheinmetall is set to establish a new service center for development and engineering in the southwestern Hungarian city of Zalaegerszeg, the Hungarian Investment Promotion Agency (HIPA) reports. According to the statement released, the EUR 9.54 million investment – about 15% of which is covered by Hungarian taxpayers through a government grant […]
First-half consolidated revenue, in 2025, of Vajda-Papír, Hungary's biggest maker of hygienic paper products, rose to HUF 38 billion from HUF 34 billion in the base period, the company told MTI on Friday. Pre-tax profit climbed to HUF 3.7 billion from HUF 3.2 billion. Vajda-Papír's stable, long-term competitive business model has enabled it to grow […]
Electronics parts manufacturer Neutrik Hungary inaugurated a HUF 3.7bn investment in Ózd (NE Hungary) on Thursday, MTI reports. The investment by the local unit of Liechtenstein-based Neutrik, which makes audio and video connectors for the entertainment industry, was supported by a HUF 1.4 billion grant (close to 40% of the investment value) by Hungarian taxpayers […]
Share turnover on the Budapest Stock Exchange (BSE) came to HUF 330.9 billion in September, MTI quoted a BSE statement on Wednesday. Daily turnover averaged HUF 15.0 billion. Wood and Company brokered the highest volume of trades during the month, with double-counted turnover of HUF 189.2 billion. Concorde was runner-up with turnover of HUF 184.8 […]
The first half of 2025 highlighted the resilience of Cordia International and the strength of its diversified strategy. The real estate development firm delivered a solid revenue of HUF 33.9 billion, representing a 4.3% increase compared to the same period in 2024. Gross profit rose by 9.4% year-on-year to HUF 12.4 billion. Following the sharp […]
The after-tax results of AKKO Invest, listed on the Prime Market of the Budapest Stock Exchange (BSE), were primarily burdened by one-off items, while the company’s revenue, at close to HUF 20 billion, remained at the level of last year’s first half, and its EBITDA, reflecting its business results, remained at a level of almost […]
Premiums of the insurance sector will likely exceed HUF 2,000 billion this year, Koppány Nagy, the National Bank of Hungary’s (MNB) director for insurance, said at conference of the the Hungarian Association of Independent Insurance Brokers (FBAMSZ) in Esztergom (N Hungary) on Tuesday. Premiums in the first half of the year reached HUF 1,047 billion, […]
Danish toy maker LEGO opened a HUF 54 billion expansion at its manufacturing base in Nyíregyháza (NE Hungary) on Tuesday. The investment, which expanded packaging and manufacturing capacity and created 300 jobs, was supported with a HUF 4.3 billion government grant. The base in Nyíregyháza is now the world's second biggest LEGO plant and the […]
Net sales revenue increased by nearly HUF 500 million, or 9%, to HUF 5.2 billion, indicating moderate but stable growth, the international IT service provider Gloster Digital Group has said in a statement on the website of the Budapest Stock Exchange. EBITDA decreased from HUF 519 million to HUF 484 million, representing a 7% decline. […]
Gedeon Richter Plc. and Hikma Pharmaceuticals Plc. along with its wholly owned subsidiary Hikma Pharmaceuticals USA Inc. (“Hikma”) announcee this Monday that the U.S. Food and Drug Administration (FDA) has granted approval for the Biologics License Applications (BLA) of their biosimilar denosumab products, EnobyTM (denosumab-qbde) and XtrenboTM (denosumabqbde), referencing Prolia® and Xgeva®, respectively. Denosumab is […]
Zwack Unicum Nyrt. has expanded its team with a new leader. Beáta Harcsa will now fill the position of Marketing Director, bringing more than twenty years of domestic and regional FMCG experience to the company. Starting in September 2025, her job will be to support Zwack's iconic brands and develop forward-looking marketing strategies. Beáta Harcsa […]
Strabag has opened an asphalt mixing plant in Orosháza, Békés County, with the brownfield investment costing more than HUF 950 million, the company said in a statement to MTI on Tuesday. The original plant opened in 1998 but was closed following the 2008 world economic crisis. The new asphalt plant and service units, such as […]
